Market outlook for 05/03/2014

Nifty closed up 76.50 points (1.23%) at 6297.95 while Nifty Future closed at 6333.85, premium of 35.90 points.
Bank Nifty closed up 277.10 points (2.60%) at 10929.05 while Future closed at 10962.85, premium of 33.80 points.

• FII bought in Cash (Net buy 185.61 Crore)
• FII bought in index future, stock future and index option (Net buy 2790.04 Crore)
• DII sold in Cash (Net sell 344.50 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 950:509.
• McClellan's oscillator for NSE at +21.

NIFTY TECHNICAL

Current Spot: 6297.95
Pivot: 6272
5DEMA: 6245
10DEMA: 6204
20DEMA: 6170
50DEMA: 6169
RSI (14 days): 62.63
Parabolic SAR: 6089
Supports: 6242 - 6185 - 6155
Resistance: 6328 - 6358 - 6415

Nifty Future VIX Range: 6278 - 6382
Nifty Future VWAP: 6303.30
MP Values Nifty Future: VAH – 6339, POC – 6332, VAL - 6278

TARGET NIFTY
Buy Nifty Future above 6339 - 6360 - 6395 - 6440 SL - 6302
Sell Nifty Future below 6299 - 6275 - 6240 - 6195 SL - 6333

BANKNIFTY TECHNICAL

Current Spot: 10929.05
Pivot: 10842
5DEMA: 10756
10DEMA: 10658
20DEMA: 10593
50DEMA: 10724
RSI (14 days): 60.75
Parabolic SAR: 10336
Supports: 10748 - 10567 - 10473
Resistance: 11023 - 11118 - 11299

Bank Nifty Future VIX Range: 10806 - 11118
Bank Nifty Future VWAP: 10858.56
MP Values Bank Nifty Future: VAH - 10976, POC - 10930, VAL - 10772

TARGET BANKNIFTY
Buy BankNifty Future above 10976 - 11065 - 11160 - 11300 SL - 10855
Sell BankNifty Future below 10849 - 10760 - 10670 - 10500 SL - 10930

INTRADAY TRADE
Centurytex: Buy above 333 for targets of 336, 342 SL 327
Bajajelec: Buy above 263 for targets of 266, 273 SL 258

SCORE SHEET
TataSponge: Buy above 480 for targets of 485, 497 SL 473: Target 518.95 done
Sobha: Buy above 321 for targets of 325, 333 SL 315: Target 328.00 done

POSITIONAL TRADE
Nucleus: Buy above 231 for target of 243 SL 224 (2-3 Days)
Noidatoll: Buy above 24.5 for target of 26.0 SL 24.0 (1 Week)

Thanks and Regards

MarketPulse S&P